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  • MABUX: Bunker Market this morning, Oct 2
  • 2020 October 2 10:34

    MABUX: Bunker Market this morning, Oct 2

    The Bunker Review was contributed by Marine Bunker Exchange (MABUX)

    Yesterday Market close

    WTI fell more than 3% on Thursday as rising coronavirus cases around the world dampened the demand outlook, while a rise last month in member output from the Organization of the Petroleum Exporting Countries also pressured prices.

    Brent crude oil close almost unchanged down 2 cents.

    U.S. consumer spending is starting to slow due to a shaky jobs market. If policymakers cannot agree on more support, the U.S. economy could lose more momentum.

    Trump said on Twitter that he and his wife had been tested for coronavirus after Hope Hicks, a senior advisor who recently travelled with the president, tested positive.

    If Trump also tested positive, that could cause a new wave of market volatility as investors brace for a hotly-contested presidential election in November.

    “It depends on how serious this becomes, and whether or not Trump is actually infected,” said Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management.

    Today Market open

    Oil prices extended losses to fall around 3,5% on Friday after U.S. President Donald Trump tested positive for the coronavirus, while a U.S. stimulus package eluded negotiators amid ongoing worries about demand.

    Brent crude slipped on the news and was down $1.47, or 3.6%, at $39.57 a barrel at 0622 GMT. U.S. oil was down $1.37, or 3.7%, lower at $37.33.

    U.S. oil is heading for a drop of more than 6% this week, while Brent is on track to fall more than 5%, in a second consecutive week of decline for both contracts.
    Oil was already in negative territory after a bipartisan deal for more economic relief in response to the pandemic continued to elude House Speaker Nancy Pelosi and the White House, adding to fears about worsening demand without more support for the economy.

    “Oil’s upside was always likely to be limited, as fears rise about the global consumption picture, and from rising OPEC+ production,” he added.
    Crude supplies from the Organization of the Petroleum Exporting Countries (OPEC) in September rose by 160,000 barrels per day (bpd) from a month earlier, a Reuters survey showed.

    The increase was mainly the result of more supplies from Libya and Iran, OPEC members that are exempt from an agreement to withhold production between OPEC and allies led by Russia - a group known as OPEC+.

    Oil Future close 1st October, 2020

    Brent crude:           $ 40.93 (-0.02) /brl        FM delivery Dec
    Light crude (WTI):  $ 38.72 (-1.50) /brl        FM delivery Nov
    Gasoil ARA;            $ 317.00 (-12.50) /mton FM delivery Oct
    NY Harbor Ulsd:     $ 346.34 (-8.38) /mton   FM delivery Nov

    Oil Futures trading at GMT 06.44; Brent: -$1.17, WTI: -$1.13.

    President Trump and the First Lady Melania Trump tested positive for COVID-19, which is likely to hamper the oil market.

    Expect bunker prices related to Brent, Fuel Oil unchanged but MGO down 12 USD/MTON. Expect bunker prices related WTI, Fuel Oil down 9-11 USD/MTON, NY Harbor down 8 USD/MTON.






2021 October 18

18:07 OneOcean Group brings voyage optimisation solutions to Marlink Partner Programme
17:53 NOVATEK held its first Arctic LNG Projects Shipowners Conference
17:49 MOL tabletop drill prepares for serious marine accident
17:29 Over 40 ships and boats of RF Navy's Black Sea Fleet took part in large-scale exercise at Opuk training ground in Crimea
16:52 Icebreaker Kapitan Khlebnikov to help deliver new components for the Vostok Station in the Antarctic
16:16 Throughput of Russian seaports in 9M’2021 climbed by 1.7% (detalization)
15:48 Four industry focused educational institutions to take part in 5th LNG Fleet, LNG Bunkering and Alternatives conference
15:25 Baltiysky Zavod shipyard casts forth one-piece propeller for Project MR-50 product tanker
15:03 Nemport orders fleet of Konecranes Noell RTGs
14:13 Average spot market price for Russian M100 product rose to RUB 29,186 pmt
13:51 MOL, MAN ES and MES-M sign MoU aiming to order ammonia fueled main engine for ships
13:42 National Chamber of Engineers supports 5th LNG Fleet, LNG Bunkering and Alternatives conference as its Media Partner
13:00 Port of Ventspils throughput in January-September 2021 fell by 14% YoY
12:40 The Port of València will install a hydrogen supply station in January
12:36 Port of Helsinki throughput in January-September 2021 rose by 7.9% YoY
12:14 Port of HaminaKotka cargo turnover in 9M’2021 fell by 2.1%
11:29 Container throughput of Hong Kong port (China) in January-September 2021 rose by 0.1%
10:57 APM Terminals appoints new Head of Decarbonisation
10:48 Port of Liepaja throughput in 9M’2021 climbed by 8% Y-o-Y
10:25 Global Ports’ Consolidated Marine Container Throughput increased by 4.0% y-o-y in 9m 2021
09:53 MABUX: Bunker prices may rise on Oct 18
09:46 Northern Sea Route cargo traffic rose by 4.5%
09:29 Crude oil prices rise driven by roaring demand
09:13 Baltic Dry Index as of October 15

2021 October 17

16:28 Revenue Cutter Bear located, ending decades-long mystery
15:19 Port Everglades new Heron Garage touts solar power, moving walkway
14:38 JAXPORT welcomes passenger vessel Ocean Explorer for port-of-call visit
13:27 Canadian fishing company chooses Skipsteknisk design
12:11 Mayflower Wind signs agreement with Gladding-Hearn for design/build of hybrid electric offshore wind crew transfer vessel
11:03 USCG commissions fast response cutter Emlen Tunnell

2021 October 16

12:38 MYCRANE signs MoU with Swiss-based EPCM, PESCO Switzerland AG
10:19 Star Pride delivered at the Fincantieri shipyard in Palermo
09:37 Three zero-emission harbour tugs mark Corvus Energy’s 500th project order
08:16 Rolls-Royce launches mtu hydrogen solutions for power generation

2021 October 15

18:27 Sea Machines uses biofuel to power tug Nellie Bly on long-haul autonomous journey
18:07 Dublin Port Company to open €48m Dublin Inland Port
17:53 Danfoss Editron powering the first fast crew supply vessel able to compete with helicopter transfers
17:33 Tsawwassen First Nation and the Vancouver Fraser Port Authority sign renewed Relationship Agreement
17:09 Sevmash completed manufacturing of sections for offshore ice-resistant fixed platform LSP "A"
16:40 Global Ports Holding positions Kalundborg as an alternative to Copenhagen
16:33 Duisburg Rail Terminal welcomed the one millionth unit since it started the operations in 2013
15:13 Klaveness Combination Carriers signs a Letter of Intent with Shipshave AS to implement its semi-autonomous hull cleaning solution across its fleet
14:31 Wärtsilä next generation navigation simulator to power the Centre of Excellence in Maritime Safety in Singapore
14:09 Coral Consortium working on a water drone to regularly monitor water quality in the basins of the Port of Gdańsk
13:53 Port of San Diego adopts most ambitious maritime clean air strategy of its kind in California
13:22 LNGnews.RU supports 5th LNG Fleet, LNG Bunkering and Alternatives conference as its Media Partner
13:02 A.P. Moller - Maersk enters strategic partnership with Danish Crown on global end-to-end logistics
12:36 GTT is selected by Hyundai Heavy Industries to equip the tanks of two new LNG-fueled container vessels with its membrane containment technology and smart shipping solutions
11:47 Russian-Chinese joint naval exercise is underway in the Sea of Japan
11:23 Transneft Kozmino Port starts construction of maintenance site for servicing mariculture site
10:08 MABUX: Bunker prices may continue slight upward changes on Oct.15
10:02 Port of Long Beach has second-busiest September
09:56 Port of Oakland’s Danny Wan heads statewide port group
09:51 Rosneft sells 5% in Vostok Oil to a consortium of Vitol and MME
09:32 Crude oil prices rise driven by demand growth
09:19 Baltic Dry Index as of October 14

2021 October 14

18:05 MOL, SoftBank and e5 Lab start joint studies for next-generation maritime high-speed satellite communications
17:54 Glavgosexpertiza approves construction of tank for light oil products at IPP terminal in Novorossiysk
17:35 Sembo secures $12m investment from Stena Line
17:15 Jan De Nul signs T&I contract for Gode Wind 3 & Borkum Riffgrund 3